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A company has a minimum required rate of return of 9% and is considering investing in a project that costs $50,000 and is expected to

A company has a minimum required rate of return of 9% and is considering investing in a project that costs $50,000 and is expected to generate cash inflows of $20,000 at the end of each year for 3 years. The profitability index for this project is __________ (Points : 4) a) 0.99. b)1.00. c)1.01. d)1.20.

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